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GM Europe weeks from running out of cash

By Phil McNamara Motor Industry 03 March 2009 19:03 GM Europe will run out of cash ‘early in the second quarter’ of 2009, unless the divison secures $3.3bn in funding from European governments. Speaking today (Tuesday 3 March), GM chief operating officer Fritz Henderson revealed that insolvency loomed, due to the plunge in European car sales and GM’s liquidity crisis in North America. He ruled out a swift cash injection from private investors, saying that no talks had taken place and that lengthy negotiations and due diligence would take too long.

Cadillac goes Skynet with Super Cruise system

Cadillac is road-testing a Super Cruise system that is capable of automatic steering, braking and lane centering during highway cruising. The first version of the system will be found on the ATS and XTS sedans. “Super Cruise has the potential to improve driver performance and enjoyment,” said Don Butler, vice president of Cadillac marketing.

Design Contest: Michelin Challenge Design announces 2008 theme and call for entries

Michelin Challenge Design, one of the world's fastest growing transportation design programs, has announced it will continue its focus on safety in 2008 under the central theme of 'Safety over Size.' The 2008 theme was announced at the North American International Auto Show in Detroit, where the Michelin Challenge Design exhibit showcased works from vehicle manufacturers, students, as well as the first full-size concept to be submitted by an independent entrant. Rising energy costs, urban congestion and environmental concerns are all contributing to an increased interest in smaller vehicles, but consumers are often hesitant to consider smaller vehicles due to safety concerns that are both real and perceived. Participating designers are encouraged to 'throw away the book' and to present ideas that enhance the real and perceived safety and security of smaller vehicles through design innovations in areas such as accident avoidance, enhanced driver controls, survivability and visibility.